ETHUSD before a 12% increase. In my opinion, more crypto pairs could start to rise in the coming time. Among them is ETHUSD. Currently, ETHUSD is performing a corrective movement. I guess it could start to rise from a 50% level of daily ATR distance. You can start building the next rising wave structure with a target price of 410.31usd.
white ema 50 support
Rsi meeting trend line governing recent lows and possible bounce there
Stochastic tired and beaten up at critical levels
Weird but fitting diagonal trend line
Hoping to form a new higher low and continue the macro uptrend
Manage risk around this choke point
Crypto investors get ready, Ethereum will be on a long strong buy once the blue neckline is broken.
Reasons to Take this trade
- confirmed double bottom.
-wait for neckline to be broken.
-third bounce on the valid trendline.